600597 Stock | | | 8.99 0.08 0.88% |
Bright Dairy financial indicator trend analysis is way more than just evaluating Bright Dairy Food prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Bright Dairy Food is a good investment. Please check the relationship between Bright Dairy Other Stockholder Equity and its Property Plant Equipment accounts. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Bright Dairy Food. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in nation.
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of
Bright Dairy Food Other Stockholder Equity account and
Property Plant Equipment. At this time, the significance of the direction appears to have pay attention.
The correlation between Bright Dairy's Other Stockholder Equity and Property Plant Equipment is -0.77. Overlapping area represents the amount of variation of Other Stockholder Equity that can explain the historical movement of Property Plant Equipment in the same time period over historical financial statements of Bright Dairy Food, assuming nothing else is changed. The correlation between historical values of Bright Dairy's Other Stockholder Equity and Property Plant Equipment is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Other Stockholder Equity of Bright Dairy Food are associated (or correlated) with its Property Plant Equipment. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Property Plant Equipment has no effect on the direction of Other Stockholder Equity i.e., Bright Dairy's Other Stockholder Equity and Property Plant Equipment go up and down completely randomly.
Correlation Coefficient | -0.77 |
Relationship Direction | Negative |
Relationship Strength | Weak |
Most indicators from Bright Dairy's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Bright Dairy Food current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out
Trending Equities to better understand how to build diversified portfolios, which includes a position in Bright Dairy Food. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as
signals in nation.
As of December 19, 2024,
Selling General Administrative is expected to decline to about 1.8
B. The current year's
Tax Provision is expected to grow to about (13.5
M)
Balance Sheet is a snapshot of the
financial position of Bright Dairy Food at a specified time, usually calculated after every quarter, six months, or one year. Bright Dairy Balance Sheet has two main parts: assets and liabilities. Liabilities are the debts or obligations of Bright Dairy and are divided into current liabilities and long term liabilities. An asset, on the other hand, is anything of value that can be converted into cash and which Bright currently owns. An asset can also be divided into two categories, current and non-current.